SAPARUA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SAPARUA
Largest movements
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Cash +€69,653
up €69,653 (+119%), from €58,573 to €128,226
mainly Current investments (+€175,000) and Depreciation (+€36,803)
- Tangible fixed assets +€59,947
up €59,947 (+13.6%), from €441,271 to €501,218
of which Plant, machinery and equipment: +€76,428
- Reserves -€58,947
down €58,947 (-18.1%), from €326,166 to €267,220
of which Distributable reserves: -€58,947
- Other debts +€35,000
up €35,000 (+5,461%), from €641 to €35,641
- Debts after one year -€26,698
down €26,698 (-9.5%), from €280,952 to €254,254
- Gross operating margin +€48,067
up €48,067 (+111%), from €43,477 to €91,543
- Depreciation +€16,457
up €16,457 (+80.9%), from €20,346 to €36,803
- Taxes +€12,392
up €12,392 (+533%), from €2,326 to €14,718
- Financial charges -€2,782
down €2,782 (-25.8%), from €10,781 to €7,999
- Other operating charges +€2,758
up €2,758 (+440%), from €627 to €3,385
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €701,193 | €651,024 | -€50,169 | -7.2% |
| Fixed assets | 21/28 | €441,271 | €501,218 | +€59,947 | +13.6% |
| Tangible fixed assets | 22/27 | €441,271 | €501,218 | +€59,947 | +13.6% |
| Land and buildings | 22 | €441,271 | €424,790 | -€16,481 | -3.7% |
| Plant, machinery and equipment | 23 | - | €76,428 | +€76,428 | |
| Current assets | 29/58 | €259,922 | €149,806 | -€110,116 | -42.4% |
| Amounts receivable within one year | 40/41 | €26,349 | €21,580 | -€4,769 | -18.1% |
| Trade receivables | 40 | €5,368 | €884 | -€4,484 | -83.5% |
| Other amounts receivable | 41 | €20,980 | €20,696 | -€285 | -1.4% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €58,573 | €128,226 | +€69,653 | +119% |
| Total equity and liabilities | 10/49 | €701,193 | €651,024 | -€50,169 | -7.2% |
| Equity | 10/15 | €392,670 | €333,724 | -€58,947 | -15.0% |
| Contributions | 10/11 | €30,944 | €30,944 | = | 0.0% |
| Reserves | 13 | €326,166 | €267,220 | -€58,947 | -18.1% |
| Non-distributable reserves | 130/1 | €1,234 | €1,234 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,234 | €1,234 | = | 0.0% |
| Distributable reserves | 133 | €324,932 | €265,985 | -€58,947 | -18.1% |
| Profit (loss) carried forward | 14 | €35,560 | €35,560 | = | 0.0% |
| Amounts payable | 17/49 | €308,523 | €317,300 | +€8,777 | +2.8% |
| Amounts payable after more than one year | 17 | €280,952 | €254,254 | -€26,698 | -9.5% |
| Financial debts | 170/4 | €280,952 | €254,254 | -€26,698 | -9.5% |
| Amounts payable within one year | 42/48 | €26,855 | €62,339 | +€35,484 | +132% |
| Current portion of amounts payable after more than one year | 42 | €26,017 | €26,698 | +€681 | +2.6% |
| Trade debts | 44 | €197 | - | -€197 | |
| Suppliers | 440/4 | €197 | - | -€197 | |
| Other amounts payable | 47/48 | €641 | €35,641 | +€35,000 | +5,461% |
| Accrued charges and deferred income | 492/3 | €716 | €707 | -€9 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,346 | €36,803 | +€16,457 | +80.9% |
| Other operating charges | 640/8 | €627 | €3,385 | +€2,758 | +440% |
| Gross operating margin | 9900 | €43,477 | €91,543 | +€48,067 | +111% |
| Operating profit (loss) | 9901 | €22,504 | €51,355 | +€28,851 | +128% |
| Financial income | 75/76B | - | €2,720 | +€2,720 | |
| Recurring financial income | 75 | - | €2,720 | +€2,720 | |
| Financial charges | 65/66B | €10,781 | €7,999 | -€2,782 | -25.8% |
| Recurring financial charges | 65 | €10,781 | €7,999 | -€2,782 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €11,723 | €46,076 | +€34,353 | +293% |
| Income taxes | 67/77 | €2,326 | €14,718 | +€12,392 | +533% |
| Profit (loss) for the period | 9904 | €9,397 | €31,358 | +€21,962 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €9,397 | €31,358 | +€21,962 | +234% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.